Fully Renovated Townhome
11551 Royal Palm Boulevard #1-5 Coral Springs, FL 33065
For Sale
$2,300,000
A for-sale five-townhome complex with fully updated interiors and a turnkey configuration on a 0.41-acre lot.
Property Size7,147 SF
Lot Size0.41 Acres
Price / SF$321.81
Days on Market45
Property Features for 11551 Royal Palm Boulevard #1-5
General Information
- Standard status
- Active
- Size
- 7,147 SF
- Lot size
- 0.41 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1985
Listing Agency:
LIFESTYLE INTERNATIONAL REALTY
Listed By:
DANIEL ELLIS · License #A11865448
Source:
Corcoran
Added: Jun 9
Changed: Jul 10
Last Checked: Jul 23 at 9:31AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LIFESTYLE INTERNATIONAL REALTY
Investment Insights
Based on property information with market context.
This fully renovated five-townhome complex is offered for sale and is set up as a cohesive multifamily property. All five townhomes feature updated, modern finishes and top-quality craftsmanship, with an overall condition that appears well maintained throughout. The property sits on a 0.41-acre lot, providing space for an orderly site layout and strong curb appeal.
Located at 11551 Royal Palm Boulevard #1-5 in Coral Springs, the complex is described as being in the heart of West Coral Springs. It is also noted to be close to shopping, dining, and major highways, supporting convenient day-to-day access for tenants and visitors.
For buyers considering a small, easy-to-manage rental housing investment, the property’s five-unit structure and complete renovation are key attributes. With the complex positioned around everyday retail and transportation routes, it can also align with tenants seeking a modern townhome setup without the need to budget for near-term updates.
Located at 11551 Royal Palm Boulevard #1-5 in Coral Springs, the complex is described as being in the heart of West Coral Springs. It is also noted to be close to shopping, dining, and major highways, supporting convenient day-to-day access for tenants and visitors.
For buyers considering a small, easy-to-manage rental housing investment, the property’s five-unit structure and complete renovation are key attributes. With the complex positioned around everyday retail and transportation routes, it can also align with tenants seeking a modern townhome setup without the need to budget for near-term updates.
Key Highlights
- 5‑townhome complex built in 1985 with fully updated interiors
- Each unit features renovations and modern finishes
- Located on a 0.41‑acre lot
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $217.0k | $30.36 |
| − Vacancy | −$9.8k | −$1.37 |
| EGI | $207.2k | $28.99 |
| − OpEx | −$93.2k | −$13.05 |
| NOI | $114.0k | $15.95 |
7,147 SF · lease $30.36/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.63M
$1.42M – $1.90M
NOI $113,970 @ 7.0% cap · market cap 4.96%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$12.19M
$10.66M – $14.22M
NOI $853,139 @ 7.0% cap · market cap 37.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - A for-sale five-townhome complex with fully updated interiors and a turnkey configuration on a 0.41-acre lot.
Where is this apartment building located?
The property is located at 11551 Royal Palm Boulevard #1-5 Coral Springs, FL.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 5‑townhome complex built in 1985 with fully updated interiors; Each unit features renovations and modern finishes; Located on a 0.41‑acre lot
